Cooperate Again! Cobalt Uses 4OTC's TicketLounge for Post Trade FX Connectivity

4OTC, the FinTech provider of connectivity services for Digital Assets and FX，announced that Cobalt, the FX and Digital Asset infrastructure provider is using 4OTC's new TicketLounge service to capture and normalise post trade data onto a single FIX API.

TicketLounge is 4OTC's second product that supports digital assets, FX spot, forwards, swaps, NDFs and NDF swaps and has full support for all regulatory fields. TicketLounge enables post trade automation by providing a robust and reliable infrastructure.

Cobalt and its clients can leverage a single FIX API for connectivity, greatly reducing onboarding time, risks and costs. Cobalt's 24/7 infrastructure connects risk management systems, execution venues, asset custodians, clearing mechanisms, and settlement services. Its robust engines ensure that market participants have access to best prices while credit providers and asset custodians maintain accuracy and oversight over market access.

Darren Coote, CEO of Cobalt said,

"4OTC provides a wealth of experience in both FX and Digital Assets. Importantly 4OTC has demonstrated on multiple occasions the ability to deliver on time and to aggressive timelines, making them the ideal partner as we expand our footprint in FX post-trade while providing a market-ready network for institutional Digital Asset trading. This partnership enables us to provide full venue coverage and an unrivalled suite of post-trade services for our customers."

Early in February this year, Cobalt partnered with 4OTC and announced using 4OTC's 1API to connect with market data in the Digital Asset and FX Markets.